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S&P raises Pakistan's sovereign rating to 'B'

Posted on July 22, 2026
By Business News Today
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1 min read

In brief

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S&P raises Pakistan's sovereign rating to 'B'

S&P upgraded Pakistan's rating to 'B' from 'B-'. This upgrade reflects improved institutional stability and key IMF-backed reforms. Reforms have accelerated fiscal consolidation and strengthened external buffers for the nation. Revenue collection improved, aiding a gradual decline in the debt burden. Macroeconomic stability has been restored, rebuilding foreign exchange reserves.